ANZ - ANZ Banking Group

Bill M · 11 June 2009

ricee007 said:
I don't know about you, but I don't want to buy into a SPP that has just recently done that!!! Especially since you are unable to trade for about 2 weeks after the offer closes, and you are left at the mercy of the markets...

Nah, me neither. Seems to be a bit of strength in the stock of late, lets hope it holds, cheers.....

bonkerrs · 2 July 2009

I just received a Dividend advice in the mail.

The Record Date is 13 May 2009
The Payment Date is 01 July 2009

Do I go off the payment date for this dividend payment: 2009-2010 financial year... Or the record date - 2008-2009 fin yr?

questionall_42 · 2 July 2009

bonkerrs said:
I just received a Dividend advice in the mail.

The Record Date is 13 May 2009
The Payment Date is 01 July 2009

Do I go off the payment date for this dividend payment: 2009-2010 financial year... Or the record date - 2008-2009 fin yr?

You can claim it in your tax return based on the date you got your money, i.e. 09/10 financial year.

bonkerrs · 4 July 2009

questionall_42 said:
You can claim it in your tax return based on the date you got your money, i.e. 09/10 financial year.

Thanks for the info Questionall! I haven't received the funds yet, so definitely 09/10. The payment date is July 2009 but no moolah yet.

Strident · 10 July 2009

SPP completed, ANZ gets $2.2b. At 14.40 per share, that's 153m shares, which is about 15x daily volume.

I suspect a significant proportion of that may be dumping for the "free money" in the coming weeks (since I will be one of them).

Technically it's not looking all that great either since the SP has been trending sideways while the stronger banks like CBA has had some modest gains. I'm not sure if the buyers will be enough to take that amount of selling.

As a result I am bearish about the SP in the near term.

Bill M · 10 July 2009

Strident said:
I suspect a significant proportion of that may be dumping for the "free money" in the coming weeks (since I will be one of them).

As a result I am bearish about the SP in the near term.

Anyone who didn't take this up is just plain crazy. This was better than the NAB and the WBC offer as those were at or very close to market price. This one is still $1.63 more than the SPP price as of today. Dumping day starts July 14th,,,, lets hope it's not too bad

Warren Greenspan · 13 July 2009

Actually dumping starts today, Monday.
The new shares show up in
computershare today so just ring commsec. They did a manual refresh on my holdings and I immediately sold them. Made a quick $1688 which is a nice feeling
Good Luck

muibueno · 13 July 2009

The allocation comes up in your holding summary on Computershare but not under your official holding statements yet. Does this matter for settlement or tax or anything. Do you need the holding statement first?

Bill M · 13 July 2009

Warren Greenspan said:
Actually dumping starts today, Monday.
The new shares show up in
computershare today so just ring commsec. They did a manual refresh on my holdings and I immediately sold them. Made a quick $1688 which is a nice feeling
Good Luck

Well done Warren, mine is showing up too.

muibueno, if I were you I would ring my broker and sort it out, good luck.

bonkerrs · 13 July 2009

Bill M said:
Well done Warren, mine is showing up too.

muibueno, if I were you I would ring my broker and sort it out, good luck.

Yep got my allotment too. But am holding out for a while before selling it all. No rush at the moment.

The Owls · 13 July 2009

Just wondering, will Computershare notify Comsec re the share allocation so my portfolio is updated or do I have to notify someone and if so who. Thanks for the help.

dirkdiggler444 · 13 July 2009

I just spoke to Etrade, they said you can't trade them until two things happen:
1. they show up as a holding of your portfolio.
2. ANZ release an Appendix 3B news item to the market.

well ANZ released a 3B this morning, so as soon as they show in your account, you should be able to trade them. Although I imagine they won't show up in peoples accounts till tomorrow.

However............

I when I spoke to Etrade, they said as they had been issued by computershare already, even though they haven't shown up in my portfolio, I could trade them, so had to do a over the phone trade.

EZZA · 13 July 2009

'why aren't you able to trade within 2 weeks under the spp. i was told we could trade them as of the 14th july the day after allocation?

hammertime · 13 July 2009

I remember hearing about a 45 day Dividend rule where you need to hold the stock for 45 days before selling it or else you have to pay higher taxes on the dividends.

I was just wondering if there is anything similar to that with regards to shares purchased through SPP or can we just start selling?

Thanks.

Julia · 13 July 2009

dirkdiggler444 said:
I just spoke to Etrade, they said you can't trade them until two things happen:
1. they show up as a holding of your portfolio.
2. ANZ release an Appendix 3B news item to the market.

well ANZ released a 3B this morning, so as soon as they show in your account, you should be able to trade them. Although I imagine they won't show up in peoples accounts till tomorrow.

However............

I when I spoke to Etrade, they said as they had been issued by computershare already, even though they haven't shown up in my portfolio, I could trade them, so had to do a over the phone trade.

If you don't mind my asking, why were you so anxious to sell them today?
Just curious about why you'd want to sell on a day when the price fell?

aaronphetamine · 13 July 2009

I agree with you Julia... I participated in the ANZ share offer in full and I wont be selling out tomorrow regardless of whether ANZ falls or goes up. A few weeks ago it was over $17, and now becuase simply a lack of global economic and consumer confidence has taken this price to below $16. From a future cashflow perspective, (which is how shares are valued anyway) the profit and cashflow structure hasnt changed one bit. I believe ANZ is in a great position where it has its base in a strong western country and is looking to expand into south east asia. An area of the world which is growing and becoming wealthier every year.

While CBA and WBC are now dominating retail banking in australia and NAB dominates Business Banking, ANZ has taken (in my opinion) a wise decision to look to expand internationally, especially into an area, that is extremely close to Australia, yet has so much growth potential.

Anyway, I just felt like contributing...

Strident · 13 July 2009

Yup, dumping starts today. I was a bit surprised to see the shares just sitting there in etrade this morning just as the market opened, got out in a panic. Turns out that was the right move for the day at least.

While I can't answer for dirkdiggler444, personally I was anxious to sell first before all the other people sell off their excess holdings.

- A while ago I remember reading of a study showing rights issues having significant negative effects on returns in the intermediate term. The same underlying causes should apply to SPP, I think.

- Also the recent weakness in the market, it seems possible to me that even without the SPP, the price could fall further.

While the fundamental view may apply in the long term, I believe in the short term the excess supply of ANZ shares that I could get out now and, if I wanted to, go back in at a lower price: in the long run, the market may be a weighing machine, but in the short run it is a voting machine.

hammertime said:
I remember hearing about a 45 day Dividend rule where you need to hold the stock for 45 days before selling it or else you have to pay higher taxes on the dividends.

I was just wondering if there is anything similar to that with regards to shares purchased through SPP or can we just start selling?

Thanks.

I'm not a tax accountant, and if you want to make sure you should see a tax accountant, but I thought that rule
was to stop people buying shares just for the tax benefit, so doesn't really have much to do with SPP.

Also, GumbyLearner, could you elaborate on what legal actions you're talking about?

Iggy_Pop · 14 July 2009

Sold off the bulk of my Share Placement today with a good outcome. Still keeping a few for the next capital raising. Still a bit nervous about banks at the moment, but reporting season should clarify

brettc4 · 14 July 2009

I don't see much of a sell off. Looking at the volume over the last 4 days, they have all been around the 9 million mark.

I Participated (not to the full amount) but I know others who did and we are all keeping them longer term. I think it would be interesting to know how may people bought into the SPP just for the quick turnaround. Good return for a couple of weeks.

But tell me, how do you determine you Capital gain on this?
You needed to own some shares first so when you sell shares, which parcel do they come out of, is it:
- first on, first off
- first on, last off
- investor gets to choose???

Iggy_Pop · 14 July 2009

I asked the same question on a thread on this forum called "Value of shares for taxation" and got a few replies which explained this.

https://www.aussiestockforums.com/forums/showthread.php?t=16276

ANZ - ANZ Banking Group

Bill M

Self Funded Retiree

bonkerrs

questionall_42

bonkerrs

Strident

Bill M

Self Funded Retiree

Warren Greenspan

muibueno

Bill M

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bonkerrs

The Owls

dirkdiggler444

EZZA

hammertime

Julia

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aaronphetamine

E for Electro

Strident

Iggy_Pop

brettc4

Iggy_Pop

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